Today In Aviation
Last Updated: Tuesday, Nov. 12, 2024, 10:03 PM PST
2024-11-12T22:03:02.974769-08:00 2024-11-12T22:03:02.974769-08:00 (2024-11-12T22:03:02.974769-08:00)
Spirit Airlines Moves Toward Bankruptcy Filing After Frontier Drops Merger Bid
By Wall Street Journal: The budget carrier is in advanced discussions with bondholders over a filing that could occur within weeks.
Boeing Throws Spirit $350 Million Lifeline to Support Production
By Bloomberg: Boeing Co. and Airbus SE will provide more than $450 million in financial assistance to help keep key supplier Spirit AeroSystems Holdings Inc. afloat ahead of their planned purchase of the company’s assets next year.
SPIRIT AEROSYSTEMS
Ben Baldanza, Spirit Airlines CEO Who Pioneered Ultralow-Cost Air Travel in the U.S., Dies at 62
By Wall Street Journal: He knew his airline offered a stripped-down version of what his competitors did—and he was proud of it.
11 injured by turbulence during Lufthansa flight to Frankfurt
By Reuters: Eleven people were injured when a Lufthansa flight from Buenos Aires to Frankfurt hit severe turbulence while travelling over the Atlantic, the airline said on Tuesday.
Elliott calls for Honeywell break up, takes $5 bln-plus stake
By Reuters: Activist investor Elliott Investment Management said Honeywell should split into two separate businesses on Tuesday, following in the footsteps of other industrial conglomerates that have broken up in recent years.
Elliott Investment takes its next fight to Honeywell
Elliott Demands Honeywell Breakup After Taking $5B Stake
Avia Solutions orders 40 Boeing 737 Max 8s
By FlightGlobal: Aircraft lessor and airline operator Avia Solutions Group has ordered 40 Boeing 737 Max 8s, marking the company's first direct purchase from the US manufacturer.
Bombardier Safety Standdown Promotes Benefits of Safety Influencers
By AINonline: Business, Air Transport, Defense & General Aviation News.